According to Data Bridge Market Research new Market report, global surgical endoscopes market will account to an estimated USD 9.45 billion in 2018 growing at a CAGR of 9.25% during the forecast period of 2019 to 2026.
Global Surgical Endoscopes Market
Surgical endoscopes are devices used for the treatment and diagnosis of the human body. These devices are used for the examination, diagnosis and treatment directly of the cavity inside the body. These procedures are mostly performed by a surgeon or a physician, while the patient may be conscious or unconscious during the same.
With rising levels of minimally invasive surgeries worldwide, demand for surgical endoscopes is expected to rise due to its widespread use in the same.
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Segmentation: Global Surgical Endoscopes Market
Global surgical endoscopes market is segmented on the basis of product, application, end-user and geography.
By Product (Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Disposable Endoscopes, Robot Assisted Endoscopes), Application (GI Endoscopy, Cystoscopy, Laparoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, Others), End-User (Hospitals, Ambulatory Surgical Centers, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).
FACTORS DRIVING GROWTH IN SURGICAL ENDOSCOPES MARKET
High amount of endoscopy procedures
According to iData Research, in 2017 USA around 75 million endoscopic procedures were performed annually. Out of these more than half; around 68% of the procedures are gastrointestinal endoscopic procedures, which are one of the major applications of surgical endoscopes. This number is expected to grow annually at an estimated rate of 2.6% which bodes well for the demand of surgical endoscopes.
The growing number of gastrointestinal endoscopies are performed usually for the diagnosis and screening of the colon or even the removal of any abnormalities from the GI tract.
Key Market Competitors: Global Surgical Endoscopes Market
Few of the major competitors currently working in the surgical endoscopes market are Olympus Corporation, Ethicon USA LLC, FUJIFILM Corporation, Boston Scientific Corporation, KARL STORZ SE & Co. KG, Stryker, PENTAX Medical, CONMED Corporation, Richard Wolf GmbH, Medtronic, B. Braun Melsungen AG, Apollo Endosurgery Inc., Mederi Therapeutics Inc, and UroMed.
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